Friday 10 September: VNU Newswire's roundup of the IT news from the national and international press.
The Financial Times reports today that 3i, the UK’s largest capital venture provider, is moving away from funding smaller companies that are not involved in technology or other growth areas. The company will set up a special team to manage investments of less than £2 million in non technology companies to “maximise value”. 3i said it will no longer transact buy outs with a total value of less than £5 million unless they have an exceptionally high growth potential.
The Guardian reports that although few businesses suffered any disruption from the 9/9/99 bug, there were strange happenings on the financial markets yesterday. London traders checking prices on Simex, the Singapore futures exchange, arrived at their screens to find there were no price feeds as a result of the bug. Eurex, the Frankfurt based futures market also had trading difficulties, although it claimed the problems had nothing to do with the date error.
The Wall Street Journal reports that Ebay, the Internet auction house, has yet again pulled the plug on an item on its site. After problems with babies and even a kidney up for sale, this time a 47 per cent share in another Web site, Priceman.com was up for grabs. The Priceman.com sale was cancelled after a few hours without any firm bids.
The New York Times writes that the lawyers for the US government and Microsoft will have the opportunity today to rebut each other's courtroom arguments in the final exchange of legal filings in the anti-trust case. Microsoft was expected to argue in its filing that recent developments in the nation's high tech industry undermine the government's anti-trust claims.
Moon's dark side is mountainous, rugged and never visible from the Earth
The groundwater basins in some areas of Tehran have been damaged irreversibly
This is the first time that any spacecraft on Mars has recorded air vibrations on the planet
Arctic sea ice is thickening at a faster rate during winter, thus slowing down long-term decline: NASA
But, the seasonal ice growth could only delay the demise of the Arctic ice cap for a few more decades